The content is accurate at the time of publication and is subject to change.

As I understand you want to apply for a new credit card but high annual fee deter you from it.

I can assume that this card has some reward programs and different perks. If so, make some calculations and see if these rewards cover the annual fee. As a rule most credit cards with rewards have annual fee and in most cases it becomes a zero annual fee due to these rewards.

Next, maybe this card has some services which are the reason of annual fee. Then you have to decide whether you need that and more over, whether you are ready to pay for that.

If none of these reasons explain the annual fee then it may worth shopping for another card with no annual fee or with rewards program.

As for lowering annual fee, it is true for existing credit cards but not all the time. If you have a solid credit history and run your credit perfectly you may ask for reduction. But, I’m afraid, rare credit issuer will agree to do this.

tags : Credit Cards Interest Rates No Annual Fee

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.